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Adams Natural Resources Fund Inc V.PEO


Primary Symbol: PEO

Adams Natural Resources Fund, Inc. (the Fund) is a non-diversified investment company. The Fund is an internally managed closed-end fund specializing in energy and other natural resources stocks. The Fund's investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. The Fund invests at least 80% of its assets in petroleum or natural resources industries or industries connected with, serving and/or supplying the petroleum or natural resources industries. The Fund has broad flexibility to invest in stocks of varying capitalizations, and primarily invests in stocks found in the S&P 500 Energy and S&P 500 Materials sectors. The Fund invests at least 25% of its assets in petroleum and petroleum-related industries. The Fund may invest up to 25% of its assets in commodities related to petroleum, minerals and related products, including swaps. The Fund may invest up to 10% of its assets in real property.


NYSE:PEO - Post by User

Post by luberonon Apr 23, 2018 11:17am
64 Views
Post# 27926175

Q2 results

Q2 resultsAdjusted EBITDA for the three months ended February 28, 2018 was $7,029.4, representing an increase of $1,804.2 (34.5%), as compared to the same period in fiscal 2017. Growth in Adjusted EBITDA for the three month period was primarily driven by contribution from acquired operations and the increase in second quarter revenue, partially offset by increases in variable compensation expenses tied directly to the higher revenue, expanded leadership to accommodate integration and future growth, and the continued investment in recently-hired benefit consultants and related support costs incurred to drive organic growth.

I believe that mean est was .06 ---  delivered .128   Nice!
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